How far will building consent numbers fall?

With just 329 new residential dwellings consented this month, this is the lowest level of new building consent activity since July 2020, where there were only 317 new dwellings consented across all three Councils. This trend is mirrored across the whole of New Zealand, and I expect numbers to continue to decline for some time … Continued

Multi-Unit Market to fall by 30%

Currently, multi-unit construction accounts for almost 7 out of 10 new residential dwellings consented in the Christchurch. I have been saying for the past 12 months that the market is oversupplied and that developers and investors should be cautious. I have just finished my latest detailed report analysing this market and here is my Executive … Continued

Canterbury Construction Report (Residential) August 2022

Why are building consent numbers continuing to increase? This month there were 727 new residential dwellings consented (across all three Councils). So far this year, there has been three months with more than 700 dwellings consented…this is greater than the previous highest number of consents issued (626), which was the absolute peak of the earthquake … Continued

Canterbury construction falling behind

  In a week where residential construction numbers across the country hit a 45 year high, the numbers in Canterbury aren’t showing the same level of growth.   Although the Governments KiwiBuild programme has crashed and burned, the construction sector seems to be picking up the slack, building more houses than we have seen in … Continued

Why do Building Companies go Bust?

  Almost weekly another building company goes into liquidation and hits the news. And these are only the larger companies, generally owing millions to creditors and sub-contractors. What about all the smaller builders and various trades business we don’t hear about?   So why do builders go bust?   Unfortunately, there isn’t one particular reason … Continued